Bio-Technology General Corp. said Tuesday that it has finalizedan exclusive agreement with Tedec Zambeletti of Madrid,Spain, to distribute BTGC's hyaluronic acid-based ophthalmicsurgical aids in Spain and Portugal. Zambeletti will makeguaranteed minimum purchases of HA-filled syringes fromBTGC.
Stock of the New York-based company (NASDAQ:BTGC) closed at$5.50, down 25 cents, on Tuesday.
BTGC said it expects its European marketing partners --including Zambeletti, Laboratoire Chauvin for France and theBenelux countries, and Nimrod AB for Scandinavia -- to beginfiling this year for marketing approvals of HA in theirrespective regions. The companies will use data from clinicaltrials that BTGC conducted in Israel.
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